NOT ENTERING OUR GST NUMBER IN INVOICE

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..... NOT ENTERING OUR GST NUMBER IN INVOICE
Query (Issue) Started By: - SURYAKANT MITHBAVKAR Dated:- 17-7-2017 Last Reply Date:- 19-7-2017 Goods and Services Tax - GST
Got 5 Replies
GST
We have manufacture unit and buying Mobile Handset to our employees from The Mobile Stores. The Mobile stores raised us invoice with GST charged extra. Now, since we can avail ITC as the expenses are furt .....

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..... herance of business we require to The mobile store as mention our GST Number in their invoice. We asked them accordingly but there answer is that we are not charging you GST extra our prices are inclusive of GST. In above case whether we can avail of ITC or not. Before GST implementation. we are availing ITC on such transaction. Reply By KASTURI SETHI: The Reply: "Prices are inclusive of .....

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..... GST" means you have paid GST and you can avail ITC if it meant for in the course or furtherance of business (Taxable). Reply By Kishan Barai: The Reply: If you want to avail ITC avoid buying from Composition Scheme Dealer, your GST member along with GST bill separately shown has to be mentioned Reply By KASTURI SETHI: The Reply: I agree with Sh.Kishan Barai,an expert. Break up has to be .....

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..... given for convenience for all purpose otherwise it would be difficult to prove that CGST/SGST/IGST has been paid. No pro forma has been prescribed but particulars to be mentioned have been prescribed. Get break up of transaction value and GST paid for the earlier invoices . For future , ask your supplier to show GST paid and transaction value separately. Sh. Kishan Barai has rightly advised that y .....

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..... ou cannot take credit on the invoice of Composition Scheme dealer. Reply By Kishan Barai: The Reply: Very nicely explained by KASTURI SETHI Sir, an expert of expert , a true ledgend of GST. Reply By KASTURI SETHI: The Reply: Sh.Kishan Barai Ji, Thanks for inspirational observations. I am so worth for such "High Tech" kudos.
Discussion Forum - Knowledge Sharing .....

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